MARIMED INC. 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Our common stock currently trades on both the OTCQX market and on the Canadian Securities Exchange under the MRMD ticker symbol. Any over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. Stockholders As of February 28, 2023, we had approximately 733 stockholders of record. Dividends We have never declared or paid a dividend on its common stock, and we do not anticipate paying cash or other dividends in the foreseeable future. Recent Sales of Unregistered Securities During the three months ended December 31, 2022, we issued the following unregistered securities: • 2,000,000 shares of restricted common stock as purchase consideration for an asset purchase with an aggregate fair value of approximately $712,000; • 109,487 shares of restricted common stock issued as payment under a royalty agreement with an aggregate fair market value of approximately $59,000; • 5,569 shares of restricted common stock to an employee with a grant date fair value of approximately $2,500; and • 82,337 shares of restricted common stock issued in a cashless warrant exercise; such warrants had an exercise price of $0.504. We withheld 813,694 shares underlying such warrants to cover the aggregate exercise price of approximately $46,000. The issuance of the shares of common stock described above were deemed to be exempt from registration under the Securities Act of 1933, as amended, in reliance upon Sections 4(a)(2) and/or 4(a)(5) of the Securities Act. A legend restricting the sale, transfer, or other disposition of these securities other than in compliance with the Securities Act was placed on the securities issued in the foregoing transactions. Item 6. Reserved [Reserved]